Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors 
Wall Street Slides as Warsh Fed Nomination, Hot Inflation, and Precious Metals Rout Shake Markets 
South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years 
Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S. 
Japan Election Poll Signals Landslide Win for Sanae Takaichi, Raising Fiscal Policy Concerns 
U.S. Eases Venezuela Oil Sanctions to Boost American Investment After Maduro Ouster 
Philippines Manufacturing PMI Hits Nine-Month High Despite Weak Confidence Outlook 
IMF Forecasts Global Inflation Decline as Growth Remains Resilient 
India Budget 2026: Modi Government Eyes Reforms Amid Global Uncertainty and Fiscal Pressures 
Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry 
Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes 
South Korea Factory Activity Hits 18-Month High as Export Demand Surges 
EU Recovery Fund Faces Bottlenecks Despite Driving Digital and Green Projects 
Oil Prices Slide Nearly 3% as U.S.-Iran Talks Ease Geopolitical Tensions 
Russia Stocks End Flat as MOEX Closes Unchanged Amid Mixed Global Signals 
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
The S&P 500 slipped 0.1% Wednesday after the Federal Reserve kept its benchmark interest rate steady at 4.25%-4.5%, marking the first double dissent at the central bank since 1993. Fed governors Michelle Bowman and Christopher Waller voted in favor of a 25 basis-point rate cut, underscoring growing divisions over the future of monetary policy.
The Dow Jones Industrial Average rose 171 points, or 0.4%, while the Nasdaq Composite added 0.2%. The Fed’s decision comes amid ongoing pressure from President Trump, who has called for swift rate cuts to stimulate economic growth.
Economic data released earlier in the day showed U.S. GDP expanding 3% in the second quarter, exceeding forecasts of 2.5% and rebounding from a 0.5% contraction in Q1. Private payrolls also jumped by 104,000 in July, following a revised 23,000 drop in June. These figures precede the closely watched nonfarm payrolls report due Friday.
Investor attention is also on corporate earnings, with Meta Platforms and Microsoft reporting after the bell. Nearly 82% of S&P 500 companies have already beaten expectations this season, including Starbucks, Humana, Etsy, and VF Corporation, which all posted stronger-than-expected revenue.
Meanwhile, U.S.-China trade talks in Sweden ended without major breakthroughs, though both sides described the discussions as constructive. Trade tensions remain heightened as the U.S. prepares to impose a 25% tariff on Indian imports beginning August 1, citing its purchases of Russian military equipment and energy.
Market participants are closely watching upcoming economic reports and corporate earnings to gauge the Fed’s next policy steps and assess the impact of escalating trade measures on global growth.
